Question: QUESTION 11 If a corporation is designated a Subchapter S under the Internal Revenue Code, the corporation will be taxed like which of the following?

QUESTION 11 If a corporation is designated a Subchapter S under the Internal Revenue Code, the corporation will be taxed like which of the following? Sole Proprietorship Limited Liability Company Partnership None of the Above QUESTION 12 After making a series of lucrative deals in a down market, the Securities Exchange Commission ("SEC") has its eyes on Reyes Holding's security transactions. Should the private corporation be concerned about the SEC? Yes, privately held corporations are generally subject to the SEC and national securities laws No, privately held corporations are not generally subject to the SEC and national securities laws

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